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  • JM Financial Credit to raise up to Rs 1,250 cr through bonds

    14 November, 2018 3:32 PM 48

    JM Financial Credit Solutions, the non-bank arm of the JM Financial Group, said it plans to raise up to Rs 1,250 crore through bonds. This base issue of the second tranche is Rs 250 crore, with an option to retain oversubscription up to Rs 1,000 crore, the company said in a release. In the first tranche the company had raised Rs 750 crore in June 2018. The issue

  • JSW Steel eyes distressed downstream assets

    14 November, 2018 12:35 PM 55

    The move complements its strategy to increase share of downstream products in its portfolio JSW Steel is training its eyes on downstream assets as it looks at the next round of companies that have been referred to the insolvency courts. The move complements its strategy to increase the share of downstream products in its portfolio as it increases capacity

  • Delhi High Court issues notices to Centre, AAP govt on Chief Secy's plea

    14 November, 2018 8:52 AM 70

    The Delhi High Court Wednesday sought response from the Centre, AAP government and the Delhi Assembly Speaker's office on Chief Secretary Anshu Prakash's plea against the breach of privilege proceedings initiated against him. The proceedings were initiated against Prakash by the Assembly's Privileges Committee based on complaints by the Question and Reference

  • Gautam Singhania steps down as Raymond Apparel Chairman

    14 November, 2018 8:46 AM 58

    Nirvik Singh will take charge as the non-Executive Chairman at Raymond Apparel. Gautam Singhania has stepped down from the position of Chairman of Raymond Apparel, a wholly-owned subsidiary of Raymond. He will, however, continue to be on the board of Raymond Apparel. Nirvik Singh will take charge as the non-Executive Chairman in his place. Anshu Sarin

  • M&M Q2 net profit up 26% YoY at Rs 1,778.75 crore; tractor revenues grow 1.8%

    14 November, 2018 8:45 AM 45

    Automobile major, Mahindra and Mahindra, reported a net profit of Rs 1,778.75 crore for the September quarter. This implies a jump of 26 percent from the profit of Rs 1,410.86 crore posted during the same quarter of last year. The results include combined financials for Mahindra & Mahindra as well as Mahindra Vehicle Manufacturers (MVML). The total revenue

  • 8 superheroes who made Stan Lee a super writer

    14 November, 2018 8:41 AM 26

    Here is to the man, whose fertile imagination laid the foundation of the Silver Age of comic books Thor | The Asgardian god of thunder first appeared in the Marvel universe in Journey into Mystery #83 in 1962. In an interview, speaking about the genesis of Thor, Lee said, "How do you make someone stronger than the strongest person? It finally came to me: Don't

  • Maruti Suzuki next Gen Ertiga pre-bookings open

    14 November, 2018 8:07 AM 51

    New Delhi: The country's largest car maker Maruti Suzuki India (MSI) on Wednesday said that it has opened bookings for the next gen ERTIGA at its dealerships across the country. The Ertiga will be launched in all-new avatar on November 21. Customers can pre-book the Next Gen Ertiga at any one of the Maruti Suzuki showrooms across India with an initial

  • Vodafone Idea gains ahead of Q2 show; stock was lower in early trade on parent co's loss

    14 November, 2018 6:28 AM 56

    The company will announce its Q2 results on November 14. Shares of Vodafone Idea rose about 2 percent ahead of the company's announcement of its September quarter results. The stock gained 3.3 percent after falling as much as 2.7 percent in early trade due to parent company's loss. The London-based Vodafone Group on November 13 reported a loss of 7.8 billion

  • NCLAT approves UltraTech's revised bid for Binani Cement

    14 November, 2018 5:55 AM 54

    UltraTech Cement's revised offer was at Rs 7,900 crore, against its earlier bid of Rs 7,200 crore. The National Company Law Appellate Tribunal (NCLAT) Wednesday approved the revised bid of Aditya Birla group firm UltraTech Cement for debt-ridden Binani Cement. A two-member bench of NCLAT, headed by Chairman Justice S J Mukhopadhaya, approved UltraTech's

  • IED blast injures 6 in Chhattisgarh's Bijapur district

    14 November, 2018 5:24 AM 55

    Five security personnel, including four BSF jawans, and a civilian were injured when Naxals blew up a truck with an IED in Chhattisgarh's Bijapur district on Wednesday, a senior police official said. The incident took place around 9 am at Bijapur Ghati, located around 7 km from Bijapur town, Deputy Inspector General (anti-Naxal operations), Sundarraj